An unknown buyer entered into a share and management right transfer agreement to acquire 5.99% stake in Connec Co. Ltd. from MEDICOX Co., Ltd. (KOSDAQ:A054180) for KRW 11.2 billion on December 23, 2021. Payment schedule and payment conditions at Date of signing this contract: Down payment of KRW 1.1 billion, February 09, 2022: Payment of KRW 1 billion and February 28, 2022: Balance of payment of KRW 9 billion.

After the conclusion of the contract, at the extraordinary general meeting of shareholders scheduled for February 10, 2022, a registered director recommended by Connec Co. is scheduled to be appointed. The documents related to resignation of all directors currently registered by the day before the extraordinary general meeting of shareholders are submitted to LINK or to be submitted to MEDICOX Co.